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Receiver Walker signs $40 million deal with Broncos

Len Pasquarelli
ESPN.com
The cost for the Denver Broncos to acquire disgruntled wide receiver Javon Walker from Green Bay on draft day: Well, for now, just a second-round choise and $1 million.  What about that $40 million contract extension, you say?  Well, that depends on hwo well Walker, who is coming off anterior cruciate ligament surgery that limited him to one game in 2005, performs this season.  None of the nearly $40 million that Walker is to receive in his five-year contract extension is guaranteed.  So, technically, the Broncos could release Walker after this season, although they aren't likely to do so, and have no financial expsoure in the future.
Then again, if Walker does play well and approximates the numbers he posted in 2004 (89 receptions, 1,382 yeards, 12 touchdowns), he can make a mind-boggling $24 million in the first three seasons of the extension.  There are two options in the extension, one for $6 million due next spring, then a second for $3.4 million due in 2008.  For 2007, Walker is due a $4 million roster bonus, a base salary of $600,000 and a $100,000 workout bonus.  In 2008, there's another roster bonus of $2 million, a salary of $2.1 million and a $100,000 workout bonus.  In 2009, his base salary jumps to $5.6 million, again with a workout bonus of $100,000.  For 2010, there is a base salary of $5.85 million, a $1 million roster bonus and the $100,000 workout bonus.  And in 2011, the base salary is $6.7 million, with a $1 million roster bonus and $100,000 workout bonus.
Walker's salary-cap charge for 2006 is $3.35 million, but it skyrockets to $5.9 million for 2007.  As for the wide receiver likely bumped from the starting lineup by Walker's arrival, the unhappy Ashley Lelie the Broncos continue to have no luck locating a trade partner.  lelie has certainly been dangled to a lot of teams -- Philadelphia, Tampa Bay and San Francisco amont them -- but none views him as a No. 1 receiver and none wants to meet his contract demands.